Author: NBTC

NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Cardano Founder Responds to Michael Saylor's ADA, XRP, ETH Criticism

Founder of IOG, the company that stands behind the Cardano blockchain and its native cryptocurrency ADA Charles Hoskinson has responded to the recent statement about ADA, XRP, ETH and other altcoins made by Bitcoin maximalist Michael Saylor. Saylor says ADA, XRP, ETH will never have spot ETFs During his speech at the recent Bitcoin for Corporations 2024 event, the founder and chairman of MicroStrategy stated that he expects this summer Ethereum to be labelled a security, not a commodity by the Securities and Exchange Commission. Likewise, Saylor is certain, BNB, Solana, XRP, Cardano and all other altcoins will be deemed…

AltcoinsMay 21

In Latest Update SEC Opposes Ripple Request to Conceal Information Relating to XRP Sales

U.S. SEC opposes in part Ripple’s request to seal information relating to its confidential business information, including discounts offered to institutional buyers of XRP. According to an update shared by seasoned defense lawyer James K. Filan, the U.S. SEC has filed its opposition to Ripple’s omnibus sealing motion. #XRPCommunity #SECGov v. #Ripple #XRP The @SECGov has filed its response to @Ripple’s Motion to Seal. pic.twitter.com/zH9XYWbSsh — James K. Filan 🇺🇸🇮🇪 (@FilanLaw) May 21, 2024 The SEC’s opposition comes a week after Ripple filed an omnibus motion to seal certain exhibits regarding its confidential business details, especially those relating to its…

LegalMay 21

How Bitcoin Halving Can Affect the Crypto Stocks’ Bottom Line

On April 19th, in roughly two days, Bitcoin’s mainnet will undergo its fourth halving at the event block height of 840,000. Each block containing BTC transactions is ordered in a sequential chain of mining, hence the name “blockchain.” Depending on the BTC price move, when the fourth halving cuts miner block subsidies from 6.25 to 3.125 BTC, miners could be more or less incentivized to stay connected to the network. Given that Bitcoin’s market dominance is 55.6%, this could have severe implications for the entire crypto market. Which factors will determine the behavior of digital assets and related crypto stocks?…

BitcoinMay 21

Ethereum Surpasses Mastercard by Market Cap

Ethereum, the second-largest cryptocurrency, has now surpassed payments giant Mastercard by market capitalization ($440 billion and $427 billion, respectively). This comes after the U.S. Securities and Exchange Commission made an apparent U-turn regarding the approval of spot Ethereum exchange-traded fund applications. As reported by U.Today, Bloomberg analysts suddenly increased the approval odds to 75% despite previously capping them at just 25%. The reassessment was based on some chatter about the SEC rapidly changing its stance. Just days ago, the consensus was that VanEck's ETF filing was going to be shot down by the SEC due to the lack of engagement.…

EthereumMay 21

SHIB Burns on Fire After Shiba Inu Team Performs Hard Fork

According to data provided by the Shibburn meme coin wallet tracker, a large amount of SHIB has been burned since yesterday morning. This burn increase has driven the SHIB burn rate far up. The drastic increase in the burn rate took place after the Shiba Inu team performed the first hard fork on its layer-2 blockchain, Shibarium. Burn rate skyrockets 15x - 616% The above-stated source of data has shared that within the period of the last 24 hours, the burn rate of popular meme-inspired cryptocurrency Shiba Inu has seen a drastic surge from +43% to 616.15%, thanks to a…

AltcoinsMay 21

Options Increase Amidst Regulatory Limbo

Like many other separate parts of the globe right now, India’s ongoing relationship with cryptocurrency is a complex one. On one side of the coin, the country is host to a thriving crypto market thanks to forward-thinking, tech-savvy population and a growing interest in alternative investment options. On the flipside, slow progress relating to concrete regulations has set an uncertain tone. This excitement surrounding the future of crypto in India is perhaps most evident in the flourishing market for crypto options, which allow investors to speculate on the future price movements of digital assets without directly owning them. As interest…

LegalMay 21

What Caused Bitcoin’s Sudden 15% Decline?

Samson Mow attributes Bitcoin’s recent price drop to rising tensions in the Middle East. Bitcoin’s price fell 15% from its all-time high, now trading around $63,000. Despite current market volatility, the upcoming Bitcoin halving is expected to cause a major supply shock. Bitcoin, the leading cryptocurrency, experienced a sharp decline of 15% from its all-time high, now valuing it at approximately $63,000. This downturn comes just days before the much-anticipated Bitcoin halving event, sparking widespread speculation about the causes behind the drop. Prominent Bitcoin investor Samson Mow shed light on the situation in a recent discussion, pointing to escalating tensions…

BitcoinMay 21

Galaxy Digital Head of Research

The US Securities and Exchange Commission (SEC) may greenlight spot Ethereum exchange-traded funds (ETFs) that do not include the staking feature, suggests Alex Thorn, Head of Research at Galaxy Digital. He believes the SEC would distinguish Ethereum (ETH) and staked ETH in the approval process. “If the speculation about a 180 from SEC on the Ethereum ETFs is true, I would guess they try to thread a needle between “ETH” NOT being a security and “staked ETH” (or even more flimsily, “staking as a service ETH”) as BEING a security,” he stated. According to Thorn, by setting clear boundaries between…

EthereumMay 21

733 Trillion SHIB Stays Profitable Amid Price Dip

As the Shiba Inu (SHIB) price continues to navigate through a period of consolidation, on-chain data reveals a surprising insight: a massive 733 trillion SHIB tokens held in wallets remain profitable despite the current lull in SHIB's price. This revelation underscores the resilience and long-term commitment of SHIB holders, despite short-term fluctuations in market sentiment. The Break Even Price indicator looks at realized gains and losses based on on-chain data for addresses that are currently holding the crypto asset. Despite the recent SHIB price lull, this on-chain indicator reveals a substantial portion of SHIB holders continue to hold onto their…

AltcoinsMay 21

EU Council approves AI Act, world’s first legal framework on artificial intelligence

The European Council has approved the European Union’s AI Act, making it the world’s first legal framework on artificial intelligence. The act, which received approval on Tuesday, is expected to enter into force next month, with its regulations becoming applicable in two years. This landmark legislation aims to ensure the development of safe and trustworthy AI systems within the single market and protect the rights of EU citizens. Comprehensive framework with specific exemptions The AI Act is designed to apply exclusively to areas within EU law. It includes specific exemptions for systems used solely for military and defense purposes, as…

LegalMay 21